New Delhi — With trade likely to emerge as the most contentious issue between India and the United States, New Delhi has signaled that it is moving to allay concerns of…
more ...Trump: Americans could face ‘pain’ with new tariffs on key trading partners
U.S. President Donald Trump said Sunday that Americans may face economic “pain” because of new tariffs he is imposing on the country’s three biggest trading partners —Canada, China and Mexico…
more ...Fleet of abandoned ships is growing, leaving sailors stuck at sea
More ships than ever are being abandoned around the world by their owners, according to the United Nations’ labor and maritime organizations, leaving thousands of workers stuck on board without…
more ...Consumers brace for impact of China tariffs
washington — White House press secretary Karoline Levitt announced Friday that President Donald Trump would be implementing 25% tariffs on Mexican and Canadian goods and a 10% tariff on all Chinese…
more ...US economy grows solid 2.3% in October-December on eve of Trump return to White House
WASHINGTON — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under…
more ...Economic hardship affects Lunar New Year celebrations in China
TAIPEI, TAIWAN — The Lunar New Year, also called the Chinese New Year or the Spring Festival in China, is traditionally celebrated with tables piled with food and red envelopes filled…
more ...Tech stocks sink as Chinese competitor threatens to topple their AI domination
New York — Wall Street is tumbling Monday on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China that can…
more ...Lunar New Year travel offers boost to China’s economic woes
China’s annual mass migration ahead of the Lunar New Year will peak with billions of trips anticipated during this year’s holiday, which begins Tuesday. An estimated 9 billion trips are…
more ...Trump to global businesses: Make products in US or pay tariffs
President Donald Trump laid out his approach to foreign investment to the world’s largest gathering of global business leaders, offering investors a take-it-or-leave-it deal to build in the U.S. or…
more ...US lawmakers seek to end China’s special trade status, import exemption
WASHINGTON — U.S. lawmakers introduced a bipartisan bill on Thursday that would revoke China’s preferential trade status with the United States, phase in steep tariffs and end the “de minimis” exemption…
more ...Nigeria’s new BRICS partner status sparks economic optimism, debate
ABUJA, NIGERIA — Nigerian authorities said this week that the nation’s new partnership status with the BRICS bloc could unlock critical opportunities in trade, investment and agriculture. Nigerian President Bola Tinubu’s…
more ...Trump’s 2nd term: Hopes for economic prosperity amid new challenges
Many American voters are hopeful that President Donald Trump’s second term, which began on Jan. 20, will usher in a period of economic prosperity — much like they felt during…
more ...Trump holds off on immediate tariffs but plans trade overhaul
President Donald Trump did not immediately impose tariffs on Monday as previously promised but directed federal agencies to “investigate and remedy” persistent U.S. trade deficits and unfair trade practices and…
more ...No day-one tariffs coming from Trump, but trade overhaul planned, official says
President Donald Trump will issue a broad trade memo on Monday that stops short of imposing new tariffs on his first day in office but directs federal agencies to evaluate…
more ...Chinese economic growth among slowest in decades
BEIJING — China recorded one of its slowest rates of economic growth in decades last year, data showed Friday, as leaders nervously eye a potential trade standoff with incoming U.S. President-elect…
more ...Pakistan welcomes World Bank’s $20 billion lending pledge
ISLAMABAD — Pakistan confirmed on Wednesday that the World Bank has pledged to lend $20 billion over the next decade, commencing in 2026 under its Country Partnership Framework, to help address…
more ...Trump says he will create an ‘External Revenue Service’ agency to collect tariff income
Washington — President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. “We will begin…
more ...Ethiopia relaunches securities exchange to lure investors
Ethiopia relaunched its stock exchange, the Ethiopian Securities Exchange, on Friday after a 50-year absence. The operations of the Ethiopia Securities Exchange were stopped in 1974 following the takeover by…
more ...US added 256,000 jobs in December; unemployment rate dips to 4.1%
WASHINGTON — U.S. hiring picked up unexpectedly in December as employers added a strong 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates. Job growth…
more ...Beijing says EU imposed unfair trade barriers on Chinese firms
Beijing — China said Thursday that an investigation had found the European Union imposed unfair “trade and investment barriers” on Beijing, marking the latest salvo in long-running commercial tensions between the…
more ...Blinken visits Japan as Nippon Steel decision weighs on relations
WASHINGTON/TOKYO — U.S. President Joe Biden’s decision to block Nippon Steel’s $14.9 billion bid for U.S. Steel cast a shadow over Secretary of State Antony Blinken’s visit to Japan on Tuesday…
more ...Nippon, US Steel file suit after Biden administration blocks $15 billion deal
Washington — Japan’s Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based…
more ...US new car sales hit 5-year high in 2024, helped by hybrids
DETROIT — U.S. new car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported on Friday.…
more ...FAA chief: Boeing needs culture shift to put safety above profits
A year after a panel blew out of a Boeing 737 Max during flight, the nation’s top aviation regulator says the company needs “a fundamental cultural shift” to put safety…
more ...Biden blocks Japan’s Nippon Steel from buying US Steel
Washington — President Joe Biden has made good on his months of public opposition to the proposed purchase of American company U.S. Steel by Japan’s Nippon Steel, announcing Friday he is…
more ...US blocks Nippon Steel’s bid to purchase US Steel
Washington — U.S. President Joe Biden on Friday followed through on his pledge to block Nippon Steel’s $14.9 billion bid for U.S. Steel, citing concerns the deal could hurt national security.…
more ...
